Search results

What difference does it make how I define it since the confirmation of a breakout will be different for each trader depending on his risk tolerance? What is more important is whether or not you are able to implement this within the context of however you yourself confirm a breakout. If you're...

Just for the hell of it, here's an ES chart for the past few weeks showing where BS entered. Perhaps those who've read the material (the pdf, not necessarily W's course) would like to try applying it to this timeframe using the hourly interval. Or those who haven't read it can try to apply the...

As well as starting this thread for the sole purpose of showing how inferior the SLA/AMT is to whatever it is that BS does, in spite of the fact that he knows nothing about it (nor do romik nor hitchslap). Any of these three could reconstruct a standard SLA/AMT trading sequence for the past two...

You have yet to explain why it matters so much to you.

And that's the problem.

I hesitate to post this since it adds a layer of complexity, but if I don't, and we reverse at 4440, then there will be at least a few of the HaHa You Missed It type of posts, and since this is the sort of thing I look at . . . I'm not making much of this because we did the same thing in...

Which is why I said that you have to decide for yourself how many ticks past R you want to see price move before you enter. I have no idea what your risk tolerance is. I have no idea how afraid you are to enter a trade at all. How can I tell you exactly where to enter and what type of entry to...

To end up at breakeven after all that lost opportunity? Sure. Why not?:rolleyes:

So. BS (how apt) is finally stopped out of his ES trade, in at 95 and out at 86 for 9pts. 9. This out of potentially hundreds of swing points between the day he entered (3/23) and today. At $50 per ES point, about how much did he miss out on by following his "simple" method: wait for some sort...

Depends on what the trader has the participants sign. Not that a moderator is required to make calls. The room may be purely educational. But that should be made clear up front.

Something else about the above post with regard to the number of "bars" in a RET and the amount of time it takes to resume its stride. Some gurus say that the RET shouldn't be more than three bars, but of course this depends entirely on the bar interval: three minutes? three hours? The message...

The Foresight chart may be found here.

I've found this to be true as well, and it's consistent with what Teresa Lo once said, that "if it doesn't go, you don't want to be there." In other words, traders are often reluctant to exit a trade because their egos are on the line and to exit is to admit that they are wrong. And they don't...

You forgot Dick Cheney. And a long list of similar.

If he's out of high school, we can assume he will be tracking his P&L. Which is his business and no one else's, except perhaps the IRS.

Unless he has no idea how to maintain a spreadsheet, I don't see that as a problem. And even if it were, discussing it with a bunch of people who have no idea what he's doing would not likely be of much help.

So what? Isn't that MarketAddict's choice? and business? What if he never makes another discovery for the rest of his trading life? Is that the preferred course? *sigh*

Well, if he wanted to provide you with an ongoing assessment of his progress, he could open a journal, but we know how that works out. I suggest MarketAddict feel as good as he can about his progress and keep it away from ET.

If you'd bother to read the journals, you wouldn't be so confused.

Of what value would it be? To "prove" that he isn't lying? If it was good, wouldn't you want his tax returns? And even if he provided them, so what?